Moving and Starting a Business at the Same Time

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Real Estate

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Doubling Down: How You Can Move & Start a Business at the Same Time 

 

Getting a home-based business up and running can be a challenge, and it’s easy to get sidetracked along the way. You might find that your current home isn’t large enough to accommodate your business, or you may be overwhelmed with home life since there aren’t adequate boundaries to separate work and your personal life. 

The solution for many is to buy a bigger home that’s a fit for both business and family. And it doesn’t have to be difficult. It's possible to move while setting up your small business at the same time. Local Navarre real estate expert Susan De León offers a few guidelines that can help you stay focused while working toward your dreams.  

Figure Out What Type of Home You Need

Assess your current home and use that to help you decide what type of setup would be better. Do you need a two or four-bedroom home? Would having a larger garage provide you with more workspace? What can you reasonably afford in a monthly mortgage payment?

Make sure you spend time looking over the various options on what type of home you would like to live in and what you would need for your business. Remember that buying your next home is a long-term investment, so plan accordingly. 

Downsize as You Pack

While most people can agree that it is beneficial to get rid of junk you don't need, but it's especially important to do so when you are moving and trying to start a company at the same time. The less time you spend packing both work and personal items, the more time you can invest in your company. 

Go through items, and get rid of things you haven't used in a year or more. According to experts like Marie Kondo, this method of paring down ensures easier transitions and means less cleaning overall. 

While downsizing, make sure you spend an equal amount of time preparing for the move while keeping up with your work. Consider keeping specific items you'll need for work out and in a special bag or suitcase that travels with you. This way, if you need to access your laptop or other work items, you'll be able to get to them quickly. 

Allow Your Business To Start Out Small

As tempting as it sounds, don't try to grow your business too quickly. You don't want to overwhelm yourself with too many clients and not enough manpower to provide the products, earning yourself bad reviews from dissatisfied clients.

Shoot for growth that is steady, stopping when you feel your plate is full. This is especially important when moving and getting acclimated to a new setup. 

Keep Building Upon Your Skills

Although you might be making decent money as you start out, it's important to keep fine-tuning your skills, no matter what you do. If you're already good at your craft, consider working on your business skills so you know what needs to be done within your company.

One way to achieve this is to go back to school and enroll in an MBA program. Doing so can help you understand management and business law, use self-assessment within your company, and even develop a more robust strategy. While you might choose to hire specialized assistance later on, learning how to effectively run a company from every aspect can make you a more successful business owner. Plus, online degree programs offer a simpler way for working professionals to earn their master’s. 

It is possible to move and set up a new business at the same time. Work in a careful and calculated manner, devoting a balance of time to both tasks until everything is settled in. Once finished, you should find it easier to focus on running your company in your new home. 

Are you in the market for a new home in Navarre? To find the perfect property, connect with area expert Susan De León today. 850-449-0647

 

 

Guest Article by Adam Taylor